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Public can comment on 60-mile pipeline for Shell “cracker” plant in Beaver

The Pennsylvania Department of Environmental Protection is inviting public comments on a proposed water obstruction and encroachment permits for a nearly 60 mile ethane pipeline by the Shell Pipeline Company. Royal Dutch Shell is building the $6 billion facility on the Ohio River in Beaver with a view toward using ethane from the Marcellus shale play and processing it into ethylene and, finally, polyethylene for the plastics industry.

The 12-inch pipeline would connect the Shell ethane plant in Beaver County with facilities in other parts of Pennsylvania and Ohio, according to DEP. read more

Shell subsidiary applies for minicab licence in London

Aliya Ram and Andrew Ward in London: 19 JAN 2018

Royal Dutch Shell has applied for a licence to operate private hire taxis in London through one of its subsidiaries, marking the first move by an oil major to test out an Uber-style technology in Europe’s biggest car-booking market. Shell’s FarePilot app, which tells drivers where there is high demand for taxis, filed the application with London’s transport authority in July. If successful, the service could expand to offer a full taxi booking service for drivers to use. FULL FT ARTICLE read more

Shell and ITM to build world’s largest electrolysis plant

SHELL and ITM Power have announced a plan to build the world’s largest hydrogen electrolysis plant at Shell’s Rheinland refinery in Wesseling, Germany.

The 17m t/y refinery uses around 180,000 t/y of hydrogen obtained through steam-reforming natural gas, to process and upgrade the refinery’s products. The new electrolysis plant, called ‘Refhyne’, will produce 1,300 t/y of hydrogen, and will be fully integrated into the refinery’s processes. As well as providing some of the refinery’s hydrogen, it will enable Shell and ITM Power to test the technology and explore applications in other sectors. read more

Shell signs five-year supply deal with U.K.’s second largest solar plant

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) signs a five-year agreement with British Solar Renewables for power generated by the U.K.’s second largest solar power plant.
  • Shell will receive the whole output of the Bradenstoke plant, which has a peak capacity of 69.8 MW and produces an average of 65 GWh/year; financial details are not provided.
  • Shell says the deal fits firmly into its New Energy Business strategy, which focuses on power and new fuels.
  • It is Shell’s second solar deal of the week, after announcing plans to buy a 43.8% stake in U.S.-based Silicon Ranch Corp.
  • read more

    Nigeria Moves Closer to Energy Overhaul With New Oil Bill

    Nigeria’s House of Representatives passed a bill governing the country’s energy sector after the Senate did so in May, taking Africa’s top oil producer one step closer to a much-awaited overhaul of the key industry.

    The Petroleum Industry Governance Bill now awaits President Muhammadu Buhari’s signing to become law.

    The bill will “promote openness and transparency in the industry by clarifying the rules, processes, and procedures that govern the oil and gas sector,” Senate President Bukola Saraki said in a statement Thursday. “After nearly two decades of back-and-forth, near-misses and ‘near-passages’, the 8th National Assembly finally reached a milestone.” read more

    Nigeria sues JP Morgan for $875 million over Malabu oilfield deal

    Late last year, a Milan judge ruled that Shell and Eni must stand trial in Italy…

    Libby George, Julia Payne: 18 JAN 2018 LONDON (Reuters) – Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.

    A spokeswoman for JP Morgan dismissed the accusation on Thursday, saying the firm “considers the allegations made in the claim to be unsubstantiated and without merit”.

    The suit filed in British courts relates to a purchase of the offshore OPL 245 oilfield in Nigeria by oil majors Royal Dutch Shell and Eni in 2011.

    At the core of the case is a $1.3 billion payment from Shell and Eni to secure the block that the lawsuit says was deposited into a Nigerian government escrow account managed by JP Morgan. read more

    Shell’s Trading Arm Bags Stake In London-Based Blockchain Start-Up


    Oil giant Royal Dutch Shell’s trading arm Shell Trading International made a significant move into blockchain development on Thursday (18 January) by bagging a minority stake in London, U.K.-based start-up Applied Blockchain.

    In the simplest of terms, a blockchain is akin to a digitally distributed ledger that can be replicated and spread across many nodes in a peer-to-peer network, thereby minimising the need for oversight and governance of a single ledger. read more

    Shady triangle: Southeast Asia’s illegal fuel market

    FILE PHOTO: A bird’s-eye view of ships along the coast in Singapore July 9, 2017. REUTERS/Jorge Silva/File Photo
    Henning Gloystein, John Geddie: JAN 18, 2018 SINGAPORE (Reuters) – An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell’s biggest refinery is shining a spotlight on an illegal trade worth tens of billions of dollars worldwide. Working routes in a triangle of sea anchored by Thailand, Vietnam and Singapore and encompassing the oil facilities of Malaysia, the smugglers take advantage of a difficult-to-patrol sea and enticing black market prices, experts say.

    The suspects in the latest case are accused of stealing oil from Royal Dutch Shell’s (RDSa.L) Pulau Bukom refinery, often during business hours, and distributing it around the region.

    Several of the men charged worked for Shell. Employees of a major Singaporean fuel trading company and a London-listed business that inspects and certifies cargos have also been charged.

    “Siphoning off fuel is a common thing in Southeast Asia. There is a huge black market for it,” said Ben Stewart, commercial manager of the shipping security firm Maritime Asset Security and Training, which has helped authorities in the region fight fuel theft and smuggling. read more

    Shell Inks Another Solar Deal

    By Irina Slav – Jan 18, 2018, 9:00 AM CST

    Just a couple of days after it acquired a hefty stake in a U.S. solar company, Shell has made another solar move, closing a power supply deal with British Solar Renewables. Shell Energy Europe, the regional marketing and trading unit of the supermajor, will receive the whole output of the Bradenstoke solar power plant—the second-largest in Britain—for a period of five years.

    Bradenstoke has a peak capacity of 69.8 MW and produces an average of 65 GWh annually. The size of the deal was not disclosed. read more

    Union rep: Shell cracker plant construction ‘ahead of schedule’

    POTTER TWP. — Construction on Shell Chemicals’ ethane cracker plant is ahead of schedule, with more than 1,800 workers currently on site, according to a local building trades official.

    Mike McDonald, president of the Beaver County Building and Construction Trades Council, said he met with Shell officials recently to discuss the progress on the $6 billion cracker plant in Potter Township. read more

    Shell agrees on five-year solar energy deal in Britain

    Reuters Staff: JAN 18, 2018

    LONDON (Reuters) – Shell Energy Europe and British Solar Renewables (BSR) have agreed on a five-year supply deal for power generated from Britain’s second-largest solar power plant in Bradenstoke, BSR said in a statement.

    The plant consists of 269,000 panels and has a 69.8 megawatt peak capacity. On an annual basis, it generates approximately 65 gigawatt-hours of solar energy, saving over 21,000 tonnes of CO2 a year, BSR said.

    Shell Energy Europe, an energy marketing and trading division of Royal Dutch Shell, is present in 14 European power markets, which includes the offtake of renewable power from wind farms and solar parks in Britain and Europe. read more



    New York City and a number of California municipalities, including San Francisco and Oakland, have filed lawsuits against five major oil companies—BP, Chevron, ConocoPhillips, Exxon Mobil, and Royal Dutch Shell—for contributing to the increased risk of global warming.

    These complaints cite recent scientific reports that project that sea levels will rise from 0.2 meters to 2.0 meters (or 0.66 to 6.6 feet) by 2100, with a major loss of land surface area and serious climate disruptions. read more

    Shell and BP to Buy Libyan Oil as Country Recovers

    Royal Dutch Shell Plc and BP Plc agreed annual deals to buy Libyan crude, underscoring how the North African country’s recovering production and improving security are enticing some of the world’s largest oil companies.

    Shell’s deal with Libya’s National Oil Corp. was the first of its kind since 2013 and Europe’s biggest oil company will load its first cargo under the contract within days, according to people familiar with the matter, who asked not to be identified because they’re not authorized to talk to the media. BP, which didn’t have a term deal in 2017, also reached an agreement for this year, the people said. read more

    Royal Dutch Shell one of the companies with biggest pensions deficit

    After Carillion how many firms can the pensions lifeboat rescue? 

    The Pension Protection Fund can absorb the firm’s liabilities but the spotlight is now on others with big pension deficits

    The companies with the biggest deficits, according to a report last year from pension consultants LCP, are Royal Dutch Shell, BP, BT and BAE Systems. The four FTSE 100 companies each had a deficit of more than £6bn in 2016.

    The pensions lifeboat that comes to the rescue when firms go bust is about to get a lot more crowded following the collapse of Carillion.

    The sprawling construction and outsourcing firm had a pension deficit of £580m but is now likely to rise to at least £800m because it no longer has a solvent business standing alongside it. The company’s crash into liquidation has thrown the spotlight on other firms with huge pension scheme deficits such as IAG, BTand BAE.

    It has also raised questions about how many more big company failures the Pension Protection Fund (PPF) can absorb, and why companies with big deficits are allowed to pump out bumper dividend payouts to shareholders. read more

    Shell reprimanded over Brent Bravo leak

    The UK’s workplace safety watchdog has reprimanded Shell following a gas leak on the Brent Bravo platform in November.

    Written by

    The Health and Safety Executive (HSE) said Shell has failed to “prevent the uncontrolled release of flammable or explosive substances”.

    Its inspector accused the oil major of failing to ensure valves on the rig were kept in “efficient working order and in good repair”.

    Shell has been given until March 8 to comply with the improvement notice.

    A spokesman for Shell UK said: “Shell UK can confirm that we were issued with an HSE improvement notice on 8th December 2017 in relation to a small hydrocarbon release on our Brent Bravo platform in the North Sea. read more

    U.S. oil industry set to break record, upend global trade

    Liz Hampton: 16 JAN 2018

    HOUSTON (Reuters) – Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.

    And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world’s top producer. read more

    Why the Dutch are Missing Out on the Global Natural Gas Glut

    The world may never have produced more natural gas, but that’s little comfort for the Dutch government as it seeks to replace flows from Europe’s biggest field.

    Lawmakers in the Netherlands on Tuesday will discuss options to supply their pipeline network, which was built around the relatively poor-quality gas from the Groningen deposit. More than a half century of production there triggered earthquakes, forcing the scaling back of output.

    Progressive Decline

    Annual gas output from the Groningen gas field under new rules read more

    FACTBOX-Shell oil heist: the story so far

    John Geddie, Fathin Ungku: JAN 16, 2018

    SINGAPORE, Jan 16 (Reuters) – Singapore authorities say they have uncovered a complex, cross-border scheme to steal large quantities of oil from Shell’s biggest refinery.

    Their investigations have so far entangled several international companies in incidents going back months. Fourteen men face charges, the latest of which were announced on Tuesday.

    Police have also seized an oil tanker and millions of dollars in cash, and frozen suspects’ bank accounts. read more

    Shell invests in solar, but still plowing money into oil

    Still, as company invests in solar firm, it plans to commission oil production vessel

    Photo: John Davenport, STAFF

    January 15, 2018 Updated: January 15, 2018 9:29pm

    Shell Oil Co. plans to plow around $200 million into a Tennessee solar company, the latest deal that finds a major oil company investing in renewable energy as the industry prepares for a day when crude demand plateaus.

    A unit of Houston’s Shell Oil will purchase almost half of Silicon Ranch Corp., a Nashville company that operates solar projects around the United States, for up to $217 million, the company’s biggest investment in utility-scale solar energy yet, the company said on Monday. Shell Oil is the U.S. subsidiary of Royal Dutch Shell, the Anglo-Dutch oil major.  read more

    Shell commissions new oil-production vessel in UK North Sea field

    Royal Dutch Shell plans to build its first major oil-production vessel in the northern U.K. North Sea in almost three decades, in an effort to redevelop the Penguins oil and gas field, the company said Monday.

    Shell believes the floating production, storage and offloading vessel will pump 45,000 barrels of oil equivalent a day from the Penguins field at its peak, and that it could break even on its investment even if oil prices slide below $40 a barrel. read more

    Shell Bolsters Renewables Bet With Stake in U.S. Solar Company

    Royal Dutch Shell Plc is investing in a U.S. solar energy developer, continuing its recent expansion into the electricity business.

    The Anglo-Dutch oil and gas producer will acquire a 44 percent stake in Nashville’s Silicon Ranch Corp., which owns and operates about 100 solar facilities across the U.S. The investment could be as high as $217 million in cash, depending on the company’s performance, making Shell the largest shareholder, according to a statement.

    Shell has been growing its foothold in the power business as it prepares for a carbon-constrained world, including an agreement to purchase the U.K’s seventh-largest utility in December. Rivals BP Plc and Total SA have also expanding into offshore wind and solar in the past few years, reflecting changing government incentives and customer demands. read more

    Shell ventures back into solar

    Ron Bousso: 15 JAN 2018

    LONDON (Reuters) – Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business.

    The Anglo-Dutch company also gave the green light for its first major new project in the North Sea in six years, signaling a cautious return to spending following three years of belt tightening in the face of lower oil prices.

    Shell agreed to buy a 43.86 percent stake in Silicon Ranch Corporation from funds linked to Partners Group for up to $217 million. It follows on the heels of British rival BP, which last month also re-entered the solar sector with the $200 million investment in Lightsource. read more

    Shell agrees to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu

    REUTERS STAFF: JANUARY 15, 2018 / 2:19 PM /

    DUBAI (Reuters) – Royal Dutch Shell has agreed to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu, a Shell spokesman said on Monday.

    “Itochu and Shell have reached agreement on the sale of Shell’s interest in the West Qurna 1 oilfield and are now working to secure all the necessary approvals from the government of Iraq,” the spokesman said. “Details of the discussions are commercially confidential.”

    Iraq has approved the sale by Shell of its 20 percent stake in the West Qurna 1 oilfield to Itochu, a senior Iraqi oil official told Reuters last week. read more

    More 2018 project sanctions to follow Shell’s Penguins decision, OGA says

    The regulator for North Sea industry said it expects more “high value projects” to be sanctioned this year, prolonging production for years to come.

    Written by

    Andy Samuel, chief executive of the Oil and Gas Authority, was speaking after oil giant Shell revealed it had taken a final investment decision on the Penguins area, north-east of Shetland.

    The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years.

    Mr Samuel said: “We are very pleased to approve the redevelopment of the Penguins cluster in the Northern North Sea. It’s a vote of confidence from two major global operators, Shell and Esso, in realising the significant remaining potential of an existing asset. read more

    Shell delivers ‘significant boost’ with Penguins call, Scottish Government says

    Shell’s redevelopment of a North Sea field will deliver a “significant boost” to north-east communities, the Scottish Government said.

    Written by

    Energy Minister Paul Wheelhouse said the investment was “further evidence of rising confidence” in the region.

    The oil giant said today it had taken a final investment decision on the Penguins area, north-east of Shetland.

    The project will involve the construction of Shell’s first new manned installation in the northern North Sea in almost 30 years.

    Mr Wheelhouse said: “We have always maintained there are significant opportunities remaining in the North Sea, even in the context of a low carbon transition, and that a strong and vibrant domestic offshore oil and gas industry will play an essential role in the future energy system we set out in our recently published Energy Strategy. read more

    Shell OKs first UK North Sea project in six years

    Ron Rousso: JAN 15, 2018

    LONDON (Reuters) – Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years.

    Shell said the development, which includes the construction of a floating production, storage and offloading (FPSO) vessel, reaffirmed the Anglo-Dutch company’s commitment to the region after it sold around half of its assets there last year.

    “Penguins demonstrates the importance of Shell’s North Sea assets to the company’s upstream portfolio,” said Andy Brown, director of Shell’s oil and gas production, known as upstream. read more

    Singapore files more charges against Shell oil theft suspects

    Fathin Ungku: JAN 15, 2018

    SINGAPORE (Reuters) – A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell’s biggest refinery, the latest development in an extensive investigation in the city-state.

    The nine Singaporean men, eight of whom were employees of the Singapore subsidiary of Royal Dutch Shell Plc, faced initial charges in court last week alongside two Vietnamese nationals, who are due at court on Tuesday.

    At least one additional charge was brought against each of the Singaporean men on Monday, court documents showed. read more

    Singapore charges three more suspects in Shell refinery oil heist

    Police have seized millions of dollars in cash…

    JOHN GEDDIE: JAN 13, 2018

    SINGAPORE (Reuters) – A Singapore court on Saturday charged three men suspected of involvement in large-scale oil theft at Shell’s biggest refinery, days after bringing charges against 11 under an extensive probe by authorities in the city state.

    The Singapore subsidiary of Royal Dutch Shell Plc first contacted the authorities in August 2017 about theft at its Pulau Bukom industrial site, just south of the country’s main island.

    Police have seized millions of dollars in cash and a small tanker in the sting operation involving simultaneous raids across Singapore, one of the world’s most important oil trading centers and a major refinery hub. read more

    Shell Braces for Change by Expanding Its Foothold in Electricity

    “The era of oil and gas and petrochemicals is not over, but the era of electric transport is also coming in,” van Beurden said.

    Royal Dutch Shell Plc is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company.

    The energy giant agreed last month to purchase First Utility Ltd., the U.K.’s seventh-largest power provider. Its offshore-wind partnership with Eneco may expand further, with newspaper Telegraaf reporting on Friday that Shell is considering buying the Dutch utility outright.

    Big Oil entering the heavily regulated European power market isn’t a natural fit today. Yet it makes sense for a future in which consumers want charging points alongside gasoline pumps at fueling stations, and iPhone apps and smart home devices generate vast amounts of energy-use data that itself becomes a valuable commodity. read more

    ‘Shell is considering bidding for Dutch green energy group Eneco’

    Anglo-Dutch oil and gas group Shell is making preparations to bid for green energy firm Eneco whose owners, made up of 53 local councils, are divided about its future, the Telegraaf said on Friday.

    At the same time, a dispute between the local authority shareholders and the company’s board is threatening to slow down the sale process, the paper said.

    Shell has hired an unnamed US-based merchant bank to help it in a possible bid for Eneco, sources within the banking industry told the paper.  But Shell itself reacted with a short and powerful ‘no comment’, the Telegraaf said. read more

    Shell Midstream Partners, L.P. Names Kevin Nichols as Next CEO

    Houston, Jan. 10, 2018 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) announced today that after a distinguished 38-year career with Royal Dutch Shell plc, John Hollowell will retire as President and Chief Executive Officer of Shell Midstream Partners GP LLC, our general partner, effective March 31, 2018.  Kevin Nichols, Vice President for Shell Pipeline Company LP, will succeed John, and will report to Shell’s Downstream Director, John Abbott. read more

    Shell/Exxon (NAM) has delivered an urgent report to the Dutch State Supervision of Mines about the Zeerijp earthquake


    The Zeerijp quake

    As a result of the recent earthquake at Zeerijp, NAM delivered a report to the State Supervision of Mines Supervisor (SSM) within 48 hours.
    The report proposes measures for the Minister of Economic Affairs and Climate to ultimately decide on in the context of safety, safety perception and other assessment frameworks. In addition to primary safety, the safety experience of the citizens of Groningen is central to this.

    Gerald Schotman emphasized in various interviews to national and regional media that NAM is not concerned about the level of gas production. That is a decision that politics must take. read more

    140 Churches oppose Shell Beaver County cracker plant

    PETER SMITH Pittsburgh Post-Gazette

    An umbrella group for 140 Presbyterian churches in Allegheny County is calling for a halt to the construction of a sprawling petrochemical plant in neighboring Beaver County, saying it would worsen already high levels of pollution and cancer risk in Southwestern Pennsylvania. 

    “We are part of a faith tradition that has affirmed our responsibility to care for the earth as our home and care for all people, especially our most vulnerable populations,” says a letter signed by officials of the Pittsburgh Presbytery, representing more than 28,000 members of the Presbyterian Church (U.S.A.) in Allegheny County.

    “This plant, and subsequent plants that are planned for the Ohio Valley, will be mass producing plastic products that have been linked to the death of animals and the diminishment of fragile natural habitats,” said the letter, approved by presbytery representatives at their December meeting. read more

    Too hot to handle? Shell’s Gaza gas field sale hits problems

    Ron Bousso: JAN 11, 2018

    LONDON (Reuters) – It may prove to be Royal Dutch Shell’s hardest sell. The Anglo-Dutch group is struggling to find a buyer for its gas field off the Gaza Strip, even among energy companies long used to dealing with projects fraught with political and security risks.

    At least one European company has shown interest in the undeveloped Gaza Marine field following a reconciliation deal in October between the two rival Palestinian factions, a source involved in the talks said. read more

    New York City sues Shell, ExxonMobil, and other oil majors over climate change

    Each of the first six months of 2016 set a record as the warmest respective month globally. Credit: NASA/GISS
    January 10 2018

    The New York City government is suing the world’s five largest publicly traded oil companies, seeking to hold them responsible for present and future damages to the city from climate change.

    The suit, filed Tuesday against BP, Chevron, Conoco-Phillips, ExxonMobil and Royal Dutch Shell, claims the companies together produced 11 percent of all of global warming gases through the oil and gas products they have sold over the years. It also charges that the companies and the industry of which they are part have known for some time about the consequences but sought to obscure them. read more

    Further production cut eyed for Groningen after tremor

    |By: , SA News Editor

    Dutch gas company NAM says it will propose reducing production at the Groningen gas field following an earthquake on Monday that was the largest in recent years.

    NAM, a Royal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (NYSE:XOM) joint venture that operates the Groningen field, says it will propose a shutdown of some production clusters, leading to a lower production volume overall.

    The Dutch government has cut gas production several times in recent years from 39.4B cm in 2015-16, as decades of gas extraction have led to dozens of earthquakes every year in the Groningen region; the new government already agreed to cut output to ~20B cm by 2021 from a current 21.6B cm. read more

    New York City sues 5 major oil companies, claiming they contributed to global warming

    The ExxonMobil refinery seen at dusk in St. Bernard Parish, La.

    (Gerald Herbert / AP)

    Associated Press

    New York City is suing five major oil companies, claiming they have contributed to global warming.

    Mayor Bill de Blasio says the city will be seeking billions in the lawsuit to recoup money spent by the city for resiliency efforts related to climate change.

    The defendants in the city’s federal lawsuit are BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell.

    A BP spokesman declined comment. A Shell spokesman said climate change is a complex issue that should not be addressed by the courts. The other three did not immediately comment. read more

    Shell (RDS.A) to Divest Coal Gasification Technology Unit

    January 10, 2018, 10:06:00 AM EDT By Zacks Equity Research

    Integrated oil and gas company , Royal Dutch Shell plc RDS.A recently agreed to divest its coal gasification technology business and patent portfolio for liquids gasification to Air Products and Chemicals, Inc. APD , an industrial gas provider. The financial terms of the deal, which will close in the upcoming months, are yet to be disclosed.

    The technology being sold is clean, efficient and reliable and is used to convert low-value refinery residues and asphaltenes into synthesis gas or syngas.  Moreover, Shell also established a strategic alliance with Air Products with the target to render solutions to the liquids gasification market. The solution range incorporates engineering, procurement, construction activities, plant operations and technology licensing. read more

    Saudi Aramco hires former Shell executive for chemicals business


    KHOBAR, Saudi Arabia (Reuters) – State oil giant Saudi Aramco has hired Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business, the company said on Wednesday.

    Thorel started his post at Saudi Aramco on Jan. 1. He held various positions with Shell in downstream operations after joining the company in France in 1990, Aramco said in its weekly magazine the Arabian Sun.

    Saudi Aramco is growing its investments in downstream including chemicals as part of its strategy to diversify by balancing out its upstream and downstream activities. read more

    Shell sells stake in Iraq oilfield to Japan’s Itochu: oil official

    Aref MohammedJANUARY 10, 2018 / 2:06 PM 

    BASRA, Iraq (Reuters) – Iraq has approved the sale by Royal Dutch Shell of the company’s 20 percent stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu Corp, a senior Iraqi oil official said on Wednesday.

    The deal comes as the Anglo-Dutch company agreed to exit the Majnoon oil venture, one of the largest fields in OPEC member Iraq, and hand over its operation to the state-run Basra Oil Co. (BOC) by the end of June 2018.

    “Shell sold its stake in West Qurna 1 to Itochu and the oil ministry approved it. We met with Itochu and discussed the required financial investments and operations at the field,” Ihsan Abdul Jabbar, the head of state-run BOC, told Reuters in an interview.  read more

    Shell develops solar power plant at its Moerdijk chemicals site in the Netherlands

    By PennEnergy Editorial Staff Source: Shell

    The Netherlands – Shell is developing a solar power plant at its Moerdijk chemicals site, with construction planned to begin in 2018. The project will provide an approximate peak capacity of 20MW of renewable power. The power produced from the solar plant will be incorporated in the energy consumption of Shell Moerdijk. The power produced in the installation is the equivalent of the power consumption of approximately 7,000 Dutch households.

    “Developing this solar power plant in Moerdijk fits within Shell’s ambition to play an active role in the Dutch energy transition,” says Marjan van Loon, president-director Shell Nederland. “We are eager to limit emissions through energy efficiency improvements of our processes and investments in new energy activities at the same time. Other examples of Shell’s work in the Netherlands energy transition include offshore wind in the North Sea, electric mobility at our retail sites and residual heat from Shell Pernis.” read more

    Shell is fully committed to oil and gas from shale says Financieele Dagblad

    Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.

    By Bert van Dijk  Energy Editor

    Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years. read more

    Why Trump’s Offshore Drilling Expansion Won’t Be So ‘Yuge’

    …these are also the same waters unsuccessfully explored by Royal Dutch Shell in 2015, after which the company halted Arctic operations for the foreseeable future.

    Sam Ori , Contributor: 

    Interior Secretary Ryan Zinke released the Trump Administration’s long-awaited offshore drilling proposal last week. Once enacted, the plan will replace the existing leasing schedule, which was designed by the previous administration and had been set to run through 2022. New administrations are free to scrap the hold-over plans of prior administrations, and anyone who followed the 2016 presidential campaign knew that President Trump had a dramatically different view of offshore energy development than his predecessor. read more

    UPDATE 3-Singapore charges 11 men over Shell oil heist

    By John Geddie and Henning Gloystein: JANUARY 9, 2018 / 3:11 AM

    • Police say 17 arrested for alleged oil theft, 11 charged

    • Shell is one of the biggest foreign investors in Singapore

    • Southeast Asia is seen as a hotspot of illegal oil trading (Adds details of times, location of incidents, maps)

    SINGAPORE, Jan 9 (Reuters) – Eleven men were charged in a Singapore court on Tuesday over their part in an alleged oil theft at Shell’s biggest refinery, court documents showed.

    Police in the island-state, Asia’s main oil trading hub, said earlier on Tuesday they had detained 17 men and seized millions of dollars in cash and a small tanker during their investigations into a theft at the Pulau Bukom industrial site.

    Royal Dutch Shell Plc, which first reported the theft to authorities in August, said in a news release that the arrests included “a limited number of Shell employees” and that it anticipated “a short delay in the supply operations at Bukom.” read more

    Magnitude 3.4 tremor at Groningen gas field 

    AMSTERDAM, Jan 8 (Reuters) – The Dutch minister for the economy said on Monday that output at the large Groningen gas field should be reduced “by as much as possible” during the current government term through 2021.

    Eric Wiebes made the comment following a magnitude 3.4 tremor earlier on Monday that was the largest in recent years.

    Dozens of earthquakes every year, resulting from decades of gas extraction, have caused damage to thousands of buildings and homes and prompted a dramatic shift in government policy now aimed at capping output. read more

    17 men arrested for taking fuel from Shell, $3.05 million in cash seized

    The men are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site.ST PHOTO: ALPHONSUS CHERN

    The spokesman added that all Shell employees are expected to comply with the company’s code of conduct and to uphold the highest standards of ethical behaviour. “Breaches are not tolerated and carry serious consequences, up to and including dismissal,” said the spokesman.

    Lydia Lam and Lim Min Zhang: Monday 8 Jan 2018

    SINGAPORE – Seventeen men have been arrested for misappropriating fuel from Shell Singapore, the police said in a statement on Monday (Jan 8).

    The men, aged between 30 and 63, are suspected of misappropriating fuel from Shell’s Pulau Bukom manufacturing site.

    Shell Singapore had lodged a report in August last year. The police conducted extensive investigations and probes. read more

    Big Oil Finds Hurdles Buried in Trump’s ‘America-First’ Tax Plan

    For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

    Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon. BP Plc and Royal Dutch Shell Plc offered a preview recently, saying they may write off as much as $4 billion in tax assets as a result.

    Caps on debt-interest payments and cuts to deductions from previous years’ losses may hurt companies building capital-intensive projects with borrowed money. And other provisions, including time limits on expensing exploration, could hem in drillers with long-term projects, including Exxon Mobil Corp. and Chevron Corp. That may also give an edge to domestic shale production. read more

    U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

    Ernest Sheyder and Valerie Volcovici

    HOUSTON/WASHINGTON (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico.

    The industry’s focus on an area located near a sprawling network of existing platforms, pipes and ports could ease the path to new reserves, and assuage the drilling opponents near other places offered under the Interior Department’s proposed drilling plan issued last week, like California’s Pacific, the Atlantic and Arctic. read more

    Zenith Energy Acquires Hamburg Terminaling Assets from Shell

    HOUSTON, Jan. 8, 2018 /PRNewswire/ — Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that it has signed an agreement to acquire a liquids storage terminal facility in Hamburg, Germany from Royal Dutch Shell plc (“Shell”).  The transaction is expected to close in the first half of 2018.  Terms of the transaction were not disclosed.

    The terminal assets are located in the Port of Hamburg, Germany’s largest seaport and the third largest container port in Europe.  The facility, located on 55 hectares, serves as a refined product import and blending terminal in North Germany with an expected storage capacity of over 480 thousand cubic meters / 3.0 million barrels for gasoline, diesel and jet fuel; inbound and outbound ocean vessel, barge, rail and truck; and pipeline connectivity in the Port of Hamburg.  After transferring ownership to Zenith, Shell will remain a significant customer of the terminal. read more

    Shell share price: Group’s future growth to depend on shale

    Oil major’s disposals continue with stake in Dutch wind farm

    by Tsveta ZikolovaMonday, 08 Jan 2018, 08:58 GMT

    The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.

    Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points. read more

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